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Martha has both long-term and short-term 2018 capital gains and losses. The result of netting these gains and losses is a net long-term capital loss.
Martha has both long-term and short-term 2018 capital gains and losses. The result of netting these gains and losses is a net long-term capital loss. Martha has no qualified dividend income. Also, Marthas 2018 taxable income puts her in the 24% tax bracket. Which of the following is correct?
a. | Martha will use Parts I, II, and III of 2018 Form 1040 Schedule D. | |
b. | Martha will not benefit from the special treatment for long-term capital gains. | |
c. | Martha will have a capital loss deduction. | |
d. | All of the above. | |
e. | None of the above. |
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